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20121210
20121210
Search Results 0 to 15 of about 16 (some duplicates have been removed)
three weeks left before the u.s. goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the country forward to elections next year. the italian prime minister has offered no clue as to whether or not he will run and it comes after sylvia berlusconi declared over the weekend he would throw his hat in the ring for the job of premier. carolyn ross is in italy following the details there. can you walk us through the time frame here? when are we expected monte to step down? what happens next? >> good morning to you, kelly. here is the time frame for you. over the next few weeks, we're expecting the budget sta
on the agenda when u.s. and russian officials met in geneva today with the u.n. peace envoy. reports say after 21 months of relentless bloodshed, they agreed it was still possible to find a political solution to the crisis. but russian foreign minister sergei lavrov insisted the meeting did not mean moscow's support for syrian president bashar al assad is weakening. fierce fighting threatening to engulf the city of damascus. >>> as that battle for the capital intensifies, the stakes are getting higher in syria, and the regime is getting even more desperate. the pentagon believes government troops have loaded bombs with sarin gas in what may be the last-ditch attempt for president assad to hold onto power. but as barbara starr reports now, a u.s. military strike on syria is not without risk. >> reporter: with the u.s. now believing the syrian government has chemical-filled bombs, cnn has learned the pentagon is secretly updating military strike options for president obama in the event he orders action. a senior u.s. official tells cnn a strike could be carried out with the ships and aircraft al
million investment to expand u.s. production in jobs. it's the real reason he was invited to michigan. with time running out for a deal before the holidays, the president and now speaker john boehner met at the white house, the first face-to-face meeting between the two in nearly a month. the first one-on-one meeting between the two. aides refused to characterize the meeting saying, quote, we're not reading out can details but the lines of communication remain open. but we'll do it for him. this is the real start of the negotiations, folks. if this week goes bad, we shouldn't worry about a deal. the plan is to get something passed by friday, december 21st or even december 24th. and then the legislation has to be written by the 18th. and that means that obama and boehner must reach some framework of an agreement by december 14 or 15 if there's going to be a deal. what does that mean? lots of serious talks have to begin now. we can put the posturing finally aside. we've run out the clock on this posturing phase. >>> bob corker joined a growing number of republicans who argue that agreei
opposes the -- roll back their rights. michigan and its workers' role in the revival of the u.s. automobile industry is a prime example of how unions have helped build a strong middle class and strong american economy. that has come from matt lairic before the president's speech there. polls show michiganders are torn, divided on this measure. some polls show a little bit of majority support on the effort. but the president is coming down squarely on the side of unions here. and he -- there is leave nothing room for doubt where he stands, brooke. >> that's what we're hearing, what you're getting from the white house today and certainly we don't know, but perhaps the president will mention what is happening not too far away in lansing. let me ask you, jessica, the fiscal cliff is something we have been talked about each and every day here on cnn, the president met with the speaker of the house and am i correct, has it been about a year since the two of them had a one on one face to face, so what are we learning detailwise from the meeting? >> the bottom line is the status appears
november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had this number last week. reminds people, again, they've been right down, and up. mcdonald's is one of those things where joe asked me from squawk when we were talking, i said, i think this is a for real term. if they continue to innovate. i may this may not be your cup of tea, burger, but innovation s higher. >> they tried to sell it to consumers as opposed to their extra value menu, which is a little bit higher price point. that combined with these product innovations, they're very cognizant of margins when they're trying to push iced mixed drinks. the sandwich -- which i've not tried. >> you said cheddar/baconburger. >> it looks like they're going to remain modest at best. margins are going to be a bigger piece. i thin
of those who serve and the fallen. the u.s. military this year so far, john, has lost 305 in afghanistan. >> so important to remember, barbara. as you said, the doctor and the mission was successful. the doctor was rescued? >> yes, he was. taken to a u.s. military hospital where he's recovering. i think we can expect him to be on his way home to see his family very shortly. you know, i just wand to add, the u.s. military has specially trained hostage rescue teams that are special forces. it's some of the most dangerous business that the u.s. military can do. but by all accounts the navy seal was killed by small arms fire which suggests, and we don't know the details yet, that certainly suggest that's there was quite a fire fight during this mission, john. >> barbara star from the pentagon, thank you. >>> let's get you up to date. here is christine romans with this morning's top stories. >> president obama and house speaker john boehner finally meeting face-to-face over the fiscal cliff. they sat down at the white house yesterday. neither side is discussing details. both agree the lines o
the tubes. the price of u.s. treasury bonds were going up. so the fact is that we have a problem. i'm hoping that we'll deal with it, especially, you know, the old age entitlementes, because sooner or later, you and i are going to be old enough to qualify for medicare, and we're going to at the present time to be a good system. but we i think a little rationality is called for. >> schieffer: you're saying it's not as bad as it seems. the fact of the matter swhen the bush tax cuts run out at the end of the year, when payroll tax-- whatever they call it, runs out at the end of the year, people's taxes are going to go up. they may not be a crisis for some of the upper income folk but if you're down the line there, that's a big deal. >> and i fully believe that's going to be taken care of. but if you remember, when the clinton tax cuts-- tax rates were imposed in 1993, martin felledsteen, you know, a very substantial economist, wrote an op-ed in the "with the journal" that day predicting we were going into a deep recession pause of the tax rates. we went into a big boom. we're tingering on the e
the cliff. they'll downgrade the u.s. debt. but that's it. by the way, we have already proven through nine ways of sunday that -- when our credit rating got downgraded last summer. well, bonds went up in price and down in-year-old. -- in yield. so why not do nothing? why doesn't the president say we're just going to keep bonds the way they are. and we're not going to cut entitlements because we know if we don't cut taxes, the republicans will go along with their no tax pledge and the markets will go higher and no one will care, for now. but he told us that's not going to happen, and he got re-elected. what does it matter? it doesn't raise a lot of money. why didn't he just say that we're taking the able of social security to 6, cutting the military budget. the democrats will be committing political suicide and the republicans. that's why i was hoping that congress would rise above and figure out a more reasonable way to spend less and take in more money over time and get the budget over time. the moronic cliff doesn't hurt. what do we need? i have to use his words because it's like a curse
maker based in the u.s. the company received $133 million in federal stimulus grngrnt grants before going under. republicans called the case a textbook example of wasted stimulus money. >>> "usa today," controversy surrounding the korean pop sensation psy. he performed last night at the christmas in washington concert with the president and his family in attendance. he has that dance, you know? >> you know, everybody, like, sends me videos of them doing this. i have no idea what it is. >> "gangnam style." >> is that how you say it? >> yeah. >> oh, you know what? i prefer to be out of it on this one. >> so this was just days after video surfaced of him using inflammatory anti-american language and leading anti-u.s. protests at a concert in 2004 amid the heat of the iraq war. the song, which is a cover called for killing, quote, yankees. on friday psy issued an apology saying he understands american servicemen's sacrifices and regrets using the inflammatory language. >> it was really harsh language that he used, but you know what? a lot of people said a lot of stupid things again. i w
. sales at mcdonald's rose in november, as u.s. brought more breakfast items and its new cheddar bacon onion sandwiches. drivers are getting some relief at the gas pump. according to the lundberg survey, a gallon of regular unleaded costs average. $3.46 nationwide. and retailers are acquiring holiday help in record numbers. retailers a added, 465,500 seasonal workers in november as they wrap up for the holidays. that's barely surpasses a previous record set in 2005, just before the financial crisis. that's your money watch. for more, head to cbs money watch.com. >>> a bald eagle is going to be okay, thanks to the quick thinking of two fort myers residents. gale shows us the dramatic video from florida. >> it was in bad shape. it was breathing breathing and panting very hard. >> jim's video shows the lifeless bald eagle, nose down. by the site just north of fort myers. >> buzzards were actually circling above. probably if somebody didn't find them, i'm sure the buzzards were going to find a meal. >> reporter: the veteran and his wife laurie called
an investment banker and then he became u.s. budget director under president clinton. people were talking about him as a possible treasury secretary. at fannie mae, raines carried on with the fast growth policies of jim johnson. the clinton administration aide him on. in july 1999, hud secretary announced an effort he would increase the percentage of their mortgage financing that went to low or moderate income families, to 50% in 2001, from 42% that was set back in 1995. cuomo said these new rules would provide affordable housing for 28.1 million families over the next decade. think about it. cuomo could promise to create 28.1 million homeowners without asking congress to spend a single penny. he simply told fannie and freddie to go out and do it, and they said we would be delighted. you remember how jesus spent the 5000. well, cuomo housed the 28.1 million. rains also have ambitious goals for-profits. he set a goal of doubling earnings to $6.46 per share in five years. is $6.46 was taken very strictly by his team. this is a peptalk from a senior vice president at fannie mae. find out everyone
Search Results 0 to 15 of about 16 (some duplicates have been removed)